Traditional Off Licence in South London For Sale

Situated in a parade, excellent main road trading position, densely populated residential area, SE LONDON

Turnover £ 4,500
Price £65,000

Features

Traditional Off Licence

DOUBLE FRONTED RETAIL PREMISES, in the region of 750 ft², WITH ELECTRIC SHUTTERS, CCTV (6 cameras), laminatre flooring, suspended ceiling with LED panels.

Sales counter, electric cash register, EPOS system, Smirnoff cans fridge, 1.25 chiller, 3.75 m chiller, adjustable shelving, etc.

Store room.

Staff cloakroom with toilet and wash hand basin.

Kitchenette, with cupboiards, sink, fridge, kettle.


STAIRS TO BASEMENT, in the region of 950 ft², used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. - £5,000 p.w. with a Gross profit of 25% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

MONDAY, TUESDAY 1 p.m. - 8.30 p.m.
WEDNESDAY, THURSDAY 12 noon - 8.30 p.m.
FRIDAY, SATURDAY 11 a.m. - 9 p.m.
SUNDAY 12 noon - 6 p.m.

Outside

Garden to rear with access.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the Landlord ( Greenwich Council) are prepared to grant, to an approved applicant, a NEWSECURE RENEWABLE lease for 12 years with reviews every 3 years at a current rent of £17,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£50,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote